This article first appeared on GuruFocus.
ETF flows into Micron Technology turned positive on Friday after a one-day pullback, with a net $145.1 million bought. That snapped a single day of net selling, when $175.9 million left the stock on Thursday. Friday’s move came as 51 ETFs bought shares and 28 sold, with 188 holding steady. The buying follows a mixed stretch: net purchases of $215.4 million on Oct. 28 and $70.2 million on Oct. 27, offset by a $112.1 million net sale on Oct. 26.
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Every ETF and guru trade in MU is tracked on the MU guru trades page.
Which ETFs bought MU on Friday?
The largest buyers by dollar value were SOXX ($80.6 million), SPY ($78.6 million) and IVV ($22.6 million). In all, 51 ETFs added shares and 28 cut them.
SOXX led the buying with $80.6 million added, lifting its stake by 2.32% to 4,013,517 shares, or 7.96% of its portfolio. SPY added $78.6 million and IVV $22.6 million, while JEPQ bought $11.6 million and QQQM $7.3 million. Micron, a semiconductor company in the Technology sector, has a market cap of $943.1 billion.
Have ETFs been buying or selling MU lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does IN do?
Micron Technology is an industry leader in memory and storage semiconductors, delivering DRAM, NAND, and NOR products under the Micron and Crucial brands.
Micron reported trailing-12-month revenue of $133.19 billion, up 250.7% from a year earlier, with a gross margin of 80.7% and a net margin of 63.8%. The stock trades at a P/E of 11.23, a P/B of 6.81 and a P/S of 7.16. Its GF Score is 95, and GF Value of $819.76 compares with a price of $833.59. The dividend yield is 0.05%, and the shares are up 192.28% year to date.
MU at a glance
Source: finance.yahoo.com
